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Archive for April, 2008

Cards follow loan pricing trend

Loans - Wednesday, April 16th, 2008

In an identical fashion to the current pricing of personal loans, credit cards users are also witnessing a rise in their repayment rates, despite attempts by the BOE to reduce the gross cost of borrowing.
Newly released statistics show that the typical APR of cards in use by the British public have gone up by almost [...]

Lenders continue to supply loans despite market drought

Loans - Tuesday, April 15th, 2008

Despite the widely publicised drought that is currently affecting the UK’s money markets, British lenders are still eager to supply loans and credit to consumers.
According to a well-known credit reference agency, British lenders have little other choice to than to continue to supply loans to the general public for the simple reason that business has [...]

Eco cars capture the British publics imagination

Car Loans - Monday, April 14th, 2008

Eco friendly vehicles such as cars, trucks and motorcycles are starting to seriously capture the imaginations of British motorists suggests a new report.
UK based credit reference agency Experian has discovered that vehicles powered by diesel dependant engines have attained almost 5% more of the market than previously recorded, whereas demand for vehicles powered by petrol [...]

Time of the essence for Government housing market aid

Loans - Monday, April 14th, 2008

The future condition of the Housing market is the hot topic of the moment, with analysts speculating widely different outcomes over the next few months, however, a spokesperson for one political group is adamant that without immediate help the market can only go one way.
The Liberal Democrats feel that due to the fact that so many British [...]

Loan borrowing options set to further deplete

UK Loans - Friday, April 11th, 2008

Consumers looking to source loans, credit cards and mortgages over the coming months will have a tough time in quenching their financial needs according to one source.
A representative for a leading financial trends institution (Capital Economics) has asserted that a national tightening of consumer lending is likely to continue up until well into the latter [...]

Base rate falls to 5%

Loans - Friday, April 11th, 2008

As a result of yesterdays MPC meeting, as expected, the BOE has confirmed a quarter percent reduction in interest, bringing national rates down to 5% flat.
With widespread uncertainty shrouding the financial markets at the current time, and with countless numbers of British homeowners fearful towards the future of their financial health, many consumers will be [...]

Legislation to tackle underhand lending practices

Loans - Thursday, April 10th, 2008

Newly introduced Government legislation will provide better protection to families and borrowers who have been unfairly treated by unscrupulous loan lenders.
A revision to certain aspects of the consumer credit act will provide law enforcers with more scope to tackle any lending institution or outfit which sees fit to operate outside of legal boundaries or employs [...]

 
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